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Kroesmeister
Jul 9, 2018 9:07 AM

XBTUSD: Expecting a retrace into buy zone Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

It's still unclear if we get the retracement wave but we are very close to a significant resistance area and failed to break past it the last couple of days. Chances of some retracement waves are going up as we speak.

I'm looking to buy the retracement wave when it enters my buy zone, and will manage the position (take some profit) in the target zone add a trailing stop for the remainder of the position.

ladder buys from: 6648 - 6582
target: 6699 - 6762 (depends on price action in the area)

Trade closed: stop reached

stop hit
Comments
cryptokram
Nice idea, It is a bit difficult to see the buy zone. Maybe use green next time. Other than that it is playing out like you had hoped.
Kroesmeister
@scottschmitz, thanks for the feedback. :-)
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